CIPS Exam L4M8 Topic 6 Question 49 Discussion

Actual exam question for CIPS's L4M8 exam

Question #: 49
Topic #: 6

[All L4M8 Questions]

What are the four quadrants in the Mendelow stakeholder matrix?

AExplanation:
Stakeholder are individuals or organizations that can be affected directly or indirectly by any project or decision. For successful procurement activities to take place, stakeholders must be identified, engaged and managed. Not all stakeholders require the same level of engagement and management. To appropriately manage identified stakeholders, the Mendelow management matrix has categorized stakeholders in four quadrants, according to how low or high their power and interest in the project could be. The four categories are:
1) Minimum effort (low power-Low interest)
2) Keep satisfied (high power-Low interest)
3) Keep informed (Low power -- high interest)
4) Manage closely (High power- High interest)

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Suggested Answer: A

by Dottie at Oct 20, 2024, 08:42 PM

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Stevie

8 days ago

I'm picturing a stakeholder version of 'The Hunger Games' - 'Keep informed' are the ones you want to ally with, and 'Manage closely' are the ones you keep a close eye on.

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Erasmo

11 days ago

High power-high interest? That's the VIP section of the stakeholder lounge. Treat them well, or they might just pull the plug on the whole project!

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Buffy

23 days ago

I believe managing stakeholders closely is crucial for project success. It ensures their needs and concerns are addressed effectively.

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Vonda

25 days ago

Low power-low interest? Sounds like the 'slackers' of the stakeholder world. Gotta keep 'em happy, but not too much effort, right?

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Gilma

2 days ago

Exactly! They may not have much influence or interest in the project, but it's still important to keep them informed.

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Brynn

1 months ago

Ah, the Mendelow stakeholder matrix - a handy tool for navigating the complex web of stakeholder relationships. I feel like I've got a good grasp on the four quadrants now.

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Olive

9 days ago

User 1: The four quadrants are minimum effort, keep satisfied, keep informed, and manage closely.

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Jerrod

1 months ago

I agree with Gary. It's important to categorize stakeholders based on their power and interest in the project.

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Gary

1 months ago

I think the four quadrants are minimum effort, keep satisfied, keep informed, and manage closely.

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